Mises Wire

This Austrian Legal Scholar Thought Case Law Was the Key to Limiting State Power

Legal System

Blog02/07/2020

For Eugen Ehrlich, case law—as opposed to legislative law—could be be an effective tool in limiting state power and returning power to nonstate institutions.

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What’s Next for the Virginia Sanctuary Movement?

Blog02/06/2020

The protest movements by gun-ownership-rights activists in Virginia still faces an uphill battle. But it may be the best battle to choose, since it would be a mistake to put faith in the courts.

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Intellectual Property: Innovation Should Serve Consumers, Not Producers

Protectionism and Free TradeEntrepreneurship

Blog02/06/2020

Innovations aren't very useful unless they serve consumers in the marketplace. Otherwise, we're pursuing innovation for its own sake, and that isn't progress.

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The State of the Union: An Annual Reminder of Inevitable Default

02/05/2020Power & Market

The political equivalent of Crystal Pepsi, Donald Trump and the Republican Party have given up their long-standing façade of budgetary restraint.

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Brexit Voters Aren't As "Irrational" As Their Opponents Think

Global EconomySubjectivismValue and Exchange

Blog02/05/2020

Some anti-Brexit pundits tried to frame the Brexit debate as one of savvy economics-minded people against economic illiterates. These people missed the point.

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What Year Did Healthcare Become a "Right"?

Blog02/05/2020

Was healthcare a natural right two hundred years ago? If so, how is it that this "right" to eighteenth-century medicine morphed into a right to MRIs and chemotherapy? Do rights change with technology? That's not how rights work.

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Shhhh: Repo Operation in Process

The FedFinancial Markets

Blog02/05/2020

These days, the commercial banking system isn’t where the action is. Instead, it’s the shadow banking system that needs direct feeding to goose inflation—at least inflation in asset prices, and also to keep the debt service on the nation’s debt as low as possible.

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Do People Really Seek to Maximize Profit?

Calculation and KnowledgeValue and Exchange

Blog02/04/2020

Economics is not intent upon pronouncing value judgments. It aims at a cognition of the consequences of certain modes of acting.

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